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0.00115606936416183 -0.0046242774566473 -0.00115606936416183 -0.00211560693641618 -0.00231213872832365 -0.00115606936416183 -0.00126011560693635 -0.00115606936416183
Stock impact report

Archer Completes First Phase of Transactions to Acquire Control of Hawthorne Airport

Archer Aviation Inc. Class A (ACHR) 
Company Research Source: Business Wire
  HAWTHORNE, Calif.--(BUSINESS WIRE)--Today, Archer Aviation (NYSE: ACHR) announced that it has now completed the first phase of its Hawthorne Airport transactions that includes the acquisition of the master lease from the City of Hawthorne and the associated subleases, giving it control of the real estate that makes up the airport. In early November, Archer signed a series of definitive agreements to acquire control of this one-of-a-kind Los Angeles aviation asset.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251209202217/en/Archer’s Midnight aircraft at Hawthorne AirportArcher expects for the airport to serve as its operational hub for its planned L.A. air taxi network operations, including serving a key role in the LA28 Olympic & Paralympic Games. Furthermore, the airport is a profitable enterprise, which Archer believes has significant additional upside that has yet to be realized.The Hawthorne Airport is strategica Show less Read more
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